Oxford Lane Capital Corp. (NASDAQ:OXLCN – Get Free Report) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 5,600 shares, a decline of 30.9% from the March 15th total of 8,100 shares. Based on an average trading volume of 2,300 shares, the short-interest ratio is currently 2.4 days.
Oxford Lane Capital Price Performance
OXLCN traded down $0.06 on Friday, hitting $23.61. 3,517 shares of the company were exchanged, compared to its average volume of 2,880. The firm has a fifty day simple moving average of $24.06 and a two-hundred day simple moving average of $24.16. Oxford Lane Capital has a 12 month low of $23.40 and a 12 month high of $24.50.
Oxford Lane Capital Announces Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be issued a dividend of $0.1484 per share. The ex-dividend date is Wednesday, April 16th. This represents a yield of 7.54%.
Oxford Lane Capital Company Profile
Oxford Lane Capital Corp. is a close ended fund launched and managed by Oxford Lane Management LLC. It invests in fixed income securities. The fund primarily invests in securitization vehicles which in turn invest in senior secured loans made to companies whose debt is rated below investment grade or is unrated.
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